Is Broken Bow, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Broken Bow was a Seller's Market.
Housing Prices in Broken Bow, OK
How much do homes in Broken Bow, OK cost?
Median Sold Price
$605,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Broken Bow was $605,000 in April 2024, down 13.5% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $590K | $495K | -16.1% |
2 Bedrooms | $703.2K | $575K | -18.2% |
3 Bedrooms | $450K | $599K | +33.1% |
4 Bedrooms | $989.2K | $855K | -13.6% |
5+ Bedrooms | $1.2M | $1.1M | -10.8% |
Summary: Broken Bow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 33.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in Broken Bow, OK
How many homes are available in Broken Bow, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
270 | 310 | +14.8% |
Summary: The Broken Bow real estate market had 310 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 44 | 48 | +9.1% |
2 Bedrooms | 64 | 71 | +10.9% |
3 Bedrooms | 78 | 99 | +26.9% |
4 Bedrooms | 49 | 54 | +10.2% |
5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Broken Bow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Broken Bow in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Broken Bow, OK
How long does it take to sell a home in Broken Bow, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
103 Days | 97 Days | -5.5% |
Summary: Homes in Broken Bow had an average of 97 days on market in Apr 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Broken Bow; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.